IEMD.L vs. PRUK.L

Last updated Jun 5, 2026

IEMD.L (iShares Edge MSCI Europe Momentum Factor UCITS ETF EUR (Dist)) and PRUK.L (Amundi Prime UK Mid and Small Cap UCITS ETF DR GBP (D)) are both exchange-traded funds - IEMD.L is a Momentum fund tracking the MSCI Europe Momentum Index, while PRUK.L is a Europe Equities fund tracking the FTSE 250 Ex Investment Trust TR GBP. Both are passively managed. Over the past 5 years, IEMD.L returned 11.34%/yr vs 0.63%/yr for PRUK.L. A 0.63 correlation means they provide meaningful diversification when combined. IEMD.L charges 0.25%/yr vs 0.05%/yr for PRUK.L.

Performance

IEMD.L vs. PRUK.L - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in iShares Edge MSCI Europe Momentum Factor UCITS ETF EUR (Dist) (IEMD.L) and Amundi Prime UK Mid and Small Cap UCITS ETF DR GBP (D) (PRUK.L). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

IEMD.L is traded in EUR, while PRUK.L is traded in GBp. To make them comparable, the PRUK.L values have been converted to EUR using the latest available exchange rates.

Returns By Period

In the year-to-date period, IEMD.L achieves a 8.04% return, which is significantly higher than PRUK.L's 3.80% return.

IEMD.L

• 1D: -0.30%
• 1M: 2.61%
• YTD: 8.04%
• 6M: 11.36%
• 1Y: 17.49%
• 3Y*: 20.17%
• 5Y*: 11.34%
• 10Y*: —

PRUK.L

• 1D: 0.91%
• 1M: 3.24%
• YTD: 3.80%
• 6M: 6.23%
• 1Y: 7.03%
• 3Y*: 8.76%
• 5Y*: 0.63%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

IEMD.L vs. PRUK.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
IEMD.L iShares Edge MSCI Europe Momentum Factor UCITS ETF EUR (Dist)	8.04%	26.34%	20.48%	12.54%	-14.50%	21.92%	7.60%
PRUK.L Amundi Prime UK Mid and Small Cap UCITS ETF DR GBP (D)	3.80%	7.64%	10.96%	9.64%	-26.74%	21.10%	23.47%

Correlation

The correlation between IEMD.L and PRUK.L is 0.57, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.57
Correlation (3Y) Calculated over the trailing 3-year period	0.64
Correlation (5Y) Calculated over the trailing 5-year period	0.67
Correlation (All Time) Calculated using the full available price history since Jul 29, 2020	0.63

The correlation between IEMD.L and PRUK.L shifts across timeframes, from 0.57 (1 year) to 0.67 (5 years), reflecting how their relationship changes across market environments.

IEMD.L vs. PRUK.L - Sectors Allocation Comparison

Sectors	IEMD.L	PRUK.L
Financial Services	23.7%	19.9%
Healthcare	15.6%	2.9%
Industrials	15.2%	22.2%
Utilities	12.6%	3.4%
Energy	11.0%	2.9%
Technology	7.9%	7.0%
Basic Materials	7.6%	7.3%
Communication Services	2.9%	6.8%
Consumer Defensive	2.8%	6.4%
Consumer Cyclical	0.5%	13.2%
Real Estate	0.4%	8.0%

Return for Risk

IEMD.L vs. PRUK.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

IEMD.L

IEMD.L Risk / Return Rank: 31
IEMD.L Sharpe Ratio Rank: 30
IEMD.L Sortino Ratio Rank: 30
IEMD.L Omega Ratio Rank: 30
IEMD.L Calmar Ratio Rank: 31
IEMD.L Martin Ratio Rank: 37

PRUK.L

PRUK.L Risk / Return Rank: 21
PRUK.L Sharpe Ratio Rank: 21
PRUK.L Sortino Ratio Rank: 21
PRUK.L Omega Ratio Rank: 21
PRUK.L Calmar Ratio Rank: 18
PRUK.L Martin Ratio Rank: 21

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

IEMD.L vs. PRUK.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Edge MSCI Europe Momentum Factor UCITS ETF EUR (Dist) (IEMD.L) and Amundi Prime UK Mid and Small Cap UCITS ETF DR GBP (D) (PRUK.L). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

	IEMD.L	PRUK.L	Difference
Sharpe ratio: Return per unit of total volatility	1.05	0.47	+0.58
Sortino ratio: Return per unit of downside risk	1.61	0.76	+0.84
Omega ratio: Gain probability vs. loss probability	1.20	1.09	+0.11
Calmar ratio: Return relative to maximum drawdown	1.51	0.56	+0.95
Martin ratio: Return relative to average drawdown	5.57	1.89	+3.68
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

IEMD.L vs. PRUK.L - Sharpe Ratio Comparison

The current IEMD.L Sharpe Ratio is 1.05, which is higher than the PRUK.L Sharpe Ratio of 0.47. The chart below compares the historical Sharpe Ratios of IEMD.L and PRUK.L, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	IEMD.L	PRUK.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.05	0.47	+0.58
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.70	0.04	+0.67
Sharpe Ratio (All Time) Calculated using the full available price history	0.70	0.40	+0.30

Drawdowns

IEMD.L vs. PRUK.L - Drawdown Comparison

The maximum IEMD.L drawdown since its inception was -30.77%, smaller than the maximum PRUK.L drawdown of -37.33%. Use the drawdown chart below to compare losses from any high point for IEMD.L and PRUK.L.

Drawdown Indicators

	IEMD.L	PRUK.L	Difference
Max Drawdown Largest peak-to-trough decline	-30.77%	-37.33%	+6.56%
Max Drawdown (1Y) Largest decline over 1 year	-11.53%	-12.50%	+0.97%
Max Drawdown (3Y) Largest decline over 3 years	-15.64%	-19.76%	+4.12%
Max Drawdown (5Y) Largest decline over 5 years	-23.73%	-37.33%	+13.60%
Current Drawdown Current decline from peak	-1.00%	-3.08%	+2.08%
Average Drawdown Average peak-to-trough decline	-5.91%	-14.58%	+8.67%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.13%	3.72%	-0.59%

Volatility

IEMD.L vs. PRUK.L - Volatility Comparison

iShares Edge MSCI Europe Momentum Factor UCITS ETF EUR (Dist) (IEMD.L) and Amundi Prime UK Mid and Small Cap UCITS ETF DR GBP (D) (PRUK.L) have volatilities of 4.68% and 4.86%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	IEMD.L	PRUK.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.68%	4.86%	-0.18%
Volatility (6M) Calculated over the trailing 6-month period	14.14%	12.14%	+2.00%
Volatility (1Y) Calculated over the trailing 1-year period	16.56%	15.00%	+1.56%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.11%	17.72%	-1.61%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.82%	18.80%	-1.98%

IEMD.L vs. PRUK.L - Expense Ratio Comparison

IEMD.L has a 0.25% expense ratio, which is higher than PRUK.L's 0.05% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

IEMD.L vs. PRUK.L - Dividend Comparison

IEMD.L's dividend yield for the trailing twelve months is around 1.71%, less than PRUK.L's 3.60% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
IEMD.L iShares Edge MSCI Europe Momentum Factor UCITS ETF EUR (Dist)	1.71%	1.85%	2.70%	2.78%	2.90%	1.77%	1.36%	2.00%	2.51%
PRUK.L Amundi Prime UK Mid and Small Cap UCITS ETF DR GBP (D)	3.60%	3.70%	3.63%	3.43%	3.50%	1.73%	0.29%	0.00%	0.00%

Frequently Asked Questions

Can I hold both IEMD.L and PRUK.L in my portfolio?

IEMD.L and PRUK.L have a correlation of 0.57, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, IEMD.L or PRUK.L?

On fees, PRUK.L is cheaper at 0.05% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, IEMD.L or PRUK.L?

PRUK.L is cheaper with a 0.05% expense ratio, compared with 0.25% for IEMD.L.

What is the main difference between IEMD.L and PRUK.L?

IEMD.L is categorized as Momentum, while PRUK.L is Europe Equities. IEMD.L tracks MSCI Europe Momentum Index, while PRUK.L tracks FTSE 250 Ex Investment Trust TR GBP. They also come from different issuers: iShares and Amundi. Their fees differ too: 0.25% for IEMD.L and 0.05% for PRUK.L.